Heineken N.V. reports on 2024 third-quarter trading
23 10월 2024 - 3:00PM
UK Regulatory
Heineken N.V. reports on 2024 third-quarter trading
Heineken N.V. reports on 2024
third-quarter trading
Amsterdam, 23 October 2024 – Heineken N.V. (HEIA;
HEINY) publishes its third quarter 2024 trading update.
- Revenue €9,072
million for the quarter, €26,895 million year to date
- Net revenue (beia)
organic growth 3.3% for the quarter, 5.1% year to date
- Beer volume organic
growth 0.7% for the quarter, 1.6% year to date
- Premium beer volume
organic growth 4.5% for the quarter, 4.9% year to date
- Heineken®
volume growth 8.7% for the quarter, 9.0% year to date
- 2024 full year
expectations of 4% to 8% operating profit (beia) organic growth
confirmed and reiterated
Dolf van den Brink, Chairman of the Executive Board /
CEO, commented:
"We delivered a solid quarter of balanced growth, organically
growing beer volume 0.7% and net revenue (beia) 3.3%. Our business
continues to deliver in line with our plan in aggregate, despite
some markets navigating challenging consumer and industry
trends.
Our EverGreen strategy continues to shape our business. Premium
volume grew 4.5%, led by Heineken® up 8.7%, with further
significant contributions from Kingfisher Ultra in India and
Savanna in Southern Africa. Non-alcoholic beer & cider grew
11.0% as we further reinforced global leadership in the segment. As
planned, we are materially stepping up our marketing investments in
the second half of the year. Our €0.5 billion gross savings target
for 2024 is on track.
We confirm and reiterate our full year outlook to grow operating
profit (beia) organically in the range of 4% to 8%, reflecting our
confidence in delivery and commitment to invest behind growth and
to future-proof our business."
Throughout this report figures refer to quarterly performance
unless otherwise indicated.
Revenue in the quarter was €9.1 billion (YTD:
€26.9 billion). Net revenue (beia) increased
organically by 3.3% (YTD: up 5.1%). Total consolidated volume
increased by 0.7% (YTD: up 1.3%) and net revenue (beia) per
hectolitre was up 2.6% (YTD: up 3.7%). Price-mix on a constant
geographic basis was up 3.0% (YTD: up 4.3%), led by pricing to
mitigate inflationary pressures and portfolio premiumisation.
Currency translation reduced net revenue (beia) by €471 million
(YTD: €1,097 million), mainly from the devaluation of the Nigerian
Naira, Mexican Peso, Brazilian Real, and Ethiopian Birr.
Consolidation effects reduced net revenue (beia) by €132 million
(YTD: €81 million), mainly from the disposal of Russia and
Vrumona.
In our business-to-business digital (eB2B)
platforms, we captured €9.3 billion in gross merchandise
value year to date, an organic increase of 26% versus last year. We
are now connecting 683 thousand active customers in fragmented,
traditional channels.
|
IFRS Measures |
€ million |
Total growth |
|
BEIA Measures1 |
€ million |
Organic growth |
|
Revenue |
9,072 |
-5.5% |
|
Revenue (beia) |
9,234 |
3.5% |
| Net
revenue |
7,557 |
-6.1% |
|
Net
revenue (beia) |
7,679 |
3.3% |
Beer volume increased organically by 0.7% (YTD:
up 1.6%), with growth in Europe and Africa & Middle East more
than compensating for slight declines in the Americas and Asia
Pacific. We are gaining or holding volume market share in more than
half of our markets year to date.
|
Beer volume |
|
|
3Q24 |
|
Organic
growth |
|
|
|
YTD 3Q24 |
|
Organic
growth |
| (in
mhl) |
3Q23 |
|
|
|
YTD 3Q23 |
|
|
| Heineken N.V. |
63.2 |
|
61.9 |
|
0.7 % |
|
183.3 |
|
180.1 |
|
1.6 % |
| Africa & Middle East |
8.3 |
|
6.9 |
|
6.4 % |
|
26.9 |
|
21.4 |
|
3.0 % |
| Americas |
22.4 |
|
22.1 |
|
-1.3 % |
|
64.5 |
|
64.8 |
|
0.3 % |
| Asia Pacific |
10.7 |
|
10.7 |
|
-1.2 % |
|
32.0 |
|
33.7 |
|
4.2 % |
|
Europe |
21.8 |
|
22.2 |
|
1.4 % |
|
59.8 |
|
60.3 |
|
0.9 % |
Driving premiumisation at scale, led by
Heineken®
Premium beer volume increased by 4.5% led by
Brazil, South Africa, and India.
Heineken® continued
its favourable momentum and grew volume 8.7% with double-digit
growth in 30 markets.
Heineken®
0.0 grew 3.4%, led by Brazil, USA, and Vietnam.
Heineken®
Silver grew in the high-twenties, with continued
strong growth in China and Vietnam.
|
Heineken® volume |
|
|
|
3Q24 |
|
Organic
growth |
|
YTD 3Q23 |
|
YTD 3Q24 |
|
Organic
growth |
| (in
mhl) |
|
3Q23 |
|
|
|
|
|
| Heineken N.V. |
|
14.6 |
|
15.8 |
|
8.7 % |
|
40.9 |
|
44.5 |
|
9.0 % |
| Africa & Middle East |
|
1.2 |
|
1.3 |
|
18.5 % |
|
3.9 |
|
3.9 |
|
5.3 % |
| Americas |
|
5.9 |
|
6.3 |
|
6.1 % |
|
16.9 |
|
17.9 |
|
6.1 % |
| Asia Pacific |
|
3.1 |
|
3.8 |
|
20.6 % |
|
8.0 |
|
10.2 |
|
26.6 % |
|
Europe |
|
4.3 |
|
4.4 |
|
1.0 % |
|
12.1 |
|
12.6 |
|
2.7 % |
HEINEKEN confirms and reiterates the key financial indicators of
our 2024 guidance, including our full year expectations of 4% to 8%
operating profit (beia) organic growth. As communicated at the
first half year results, we are materially stepping up investments
in our brands focused on our greatest opportunities for long-term
sustainable growth.
|
Media |
|
Investors |
| Christiaan
Prins |
|
Tristan van
Strien |
| Global Communications
Director |
|
Investor Relations
Director |
| Marlie
Paauw |
|
Lennart Scholtus /
Chris Steyn |
| Corporate & Financial
Communication Manager |
|
Investor Relations Manager /
Senior Analyst |
| E-mail:
pressoffice.heineken@heineken.com |
|
E-mail:
investors@heineken.com |
| Tel: +31-20-5239355 |
|
Tel: +31-20-5239590 |
HEINEKEN will host an analyst and investor conference call with
Harold van den Broek, Chief Financial Officer, in relation to its
Third Quarter 2024 Trading Update today at 14:00 CET/13:00 GMT. The
call will be audio cast live via the company’s website:
www.theheinekencompany.com. An audio replay service will also be
made available after the conference call at the above web address.
Analysts and investors can dial-in using the following telephone
numbers:
United Kingdom (Local): 020 3936 2999
Netherlands (Local): 085 888 7233
USA (Local): 646 664 1960
For the full list of dial in numbers, please refer to the
following link: Global Dial-In Numbers
Participation password for all countries: 702767
1Consolidated figures are used throughout this
report, unless otherwise stated. Please refer to the Glossary for
an explanation of non-GAAP measures and other terms. Page 5
includes a reconciliation versus IFRS metrics. These non-GAAP
measures are included in internal management reports that are
reviewed by the Executive Board of HEINEKEN, as management believes
that this measurement is the most relevant in evaluating the
results and in performance management.
- Q3 2024 Trading Update_Final
Heineken (EU:HEIA)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Heineken (EU:HEIA)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024
